If You Were to Estimate a Demand Function Using Econometric

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The Answer is The dependent variable would be a time series of product sales. The independent variables could include:
• a time series of product price (this is the minimum data needed)
• a time series of advertising expenditure
• a time series of competitors' prices
• a time series of household income
• and other relevant variables such as the interest rate, distribution of income, unemployment, etc.

If You Were to Estimate a Demand Function Using Econometric

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If You Were to Estimate a Demand Function Using Econometric

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Correct Answer:VerifiedShow Answer

Correct Answer:
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